"We saw Birmingham hit by a nine point deduction for breaching the EFL's profit and sustainability rules, Bolton hit with a winding up order and reports have suggested more clubs spending way beyond their means could be facing action from the EFL.

"Some of the figures published are quite staggering.

"Aston Villa's operating loss for last season was £50m while the player costs of both Reading and Birmingham was quotes as being almost 250% of their actual income.

"The total losses for the Championship clubs last season currently stand at £366m and with a number of other clubs still to announce their financial results it is not beyond the realms of possibility that the total figure could be in excess of half a billion pounds."

The Boro boss went on to praise prudent owner Gibson who has been strident in trying to get the EFL committee to enforce the existing rules.

And the chairman has also made it clear that he won't pay-over inflated fees, wages and agents fees and will stick to his budget as the over-heated market continues to explode.

"Thankfully, here at Boro, we have an owner in Steve Gibson who will never risk the future of this football club," said Pulis.

"Steve is a committed man who lives and breathes this area. The care, attention and support he gives this club should never be under-estimated.

Steve Gibson (Image: Peter Reimann / Teesside Live)

"Steve has worked hard to abide by the EFL financial rules but it is clear that a number of other clubs haven't and that simply can not be right.

"Birmingham's nine point deduction should set a precedent now for other clubs not complying with the rules.

"Over the past year here we have brought money in through the sales of players and reducing the wages and we have cut our cloth accordingly - yet at the same time there are others in apparent breach of the rules and that cannot be right."